Can the New Iphone record concerts live?

Wasn't sure how capable this new gadget is, but if it can film live concerts in good quality, things should be interesting. I think it goes on sale this weekend.
http://www.cnn.com/2008/TECH/ptech/07/10/iphoneoverseas.ap/index.html
http://www.cnn.com/2008/TECH/ptech/07/10/iphoneoverseas.ap/index.html
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although i see some third party making some software available to do it down the line
The Sentence Above Is False
Even if that's the case, the lens in the iPhone would never lend itself to anything approaching good video quality - unless you can hold it perfectly still, never have to move an inch and are no more than a few feet away from your subject.
okay, well maybe in a few years when version 3 comes out.
fixed it
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